Take every opportunity to broaden your scope, experience and potential
There is nothing stopping a Tax or Treasury professional from gaining a broader skillset and, with it, an understanding of the wider strategic and commercial considerations that drive the course of a business.
Indeed, while it may be difficult to move directly from a Tax and Treasury leadership position to the CFO’s chair, it is perfectly feasible to map out a course that takes you to an opportunity from which you can confidently aspire to move on to the C-suite.
If you are a Head of Treasury with such ambitions, I recommend you say yes to every opportunity that bolsters your remit. This could mean adding an FP&A or corporate strategy and development function to your treasury role. Such a step will also move you in the direction of being able to move seamlessly into group finance roles.
The advice for Heads of Tax is similar. Welcome every opening that offers you the chance to broaden your function, and any project that enables you to work with the wider finance team. This could include transaction-related opportunities around mergers and acquisitions, listings and divestments. You will add to your skillset and become more comfortable speaking to the wider business on commercial topics.
You will present a more compelling case in interviews if, as well as displaying your Tax and Treasury experience, you can present clear, demonstrable examples of projects that showcase your broad commercial ability.
If you have worked on a merger or acquisition, or the integration of an acquired business, you will have experience of collaborating successfully with other areas of your organisation as well as lawyers and banks.